TechFlow reports that on June 5, Cypherpunk, the ZEC treasury company, responded on X to the market volatility of the ZEC token. It stated that all software contains vulnerabilities, and historically, Bitcoin once “over-minted” 184 billion BTC due to a bug. However, this does not mean blockchain technology should be abandoned; rather, security should be enhanced through formal verification and provable correctness.
Cypherpunk emphasized that, with the advancement of AI technologies, vulnerability detection will become faster and broader—but the key lies in who identifies issues before malicious actors do. Zcash demonstrates this capability through its upcoming release.
Earlier reports indicated that the privacy coin ZEC faced market sell-offs after a security vulnerability was disclosed—one that could potentially enable infinite token minting—causing its price to plummet over 50% within a single day.
